U.S. President Barack Obama called for a job summit, among his
advisors, to address the ongoing economic crisis, particularly the aspect that
relates to jobs and unemployment. Unemployment in America has skyrocketed, consistently climbing
to worse levels each month. The President was criticized in the press when it
was revealed, each job created or saved, cost the taxpayer $160,000, which is
more than many doctors and lawyers make per year in high paying posts.

I was concerned something like this would transpire. Hence,
several months ago, on

the Judiciary Report constructed a job creation plan, with
salary guidelines, which would get the most out of taxpayer dollars, to benefit
the nation as a whole, without damaging the deficit:

I suggested a cheaper alternative (PSAs and a website),

to clear the way for the
proposed stimulus funds to be used for what was originally
touted – job creation.

$335,000,000 is an astronomical figure to spend on STD
prevention (if the CDC quarantined promiscuous Paris Hilton the public
wouldn’t have to worry about such things).

Seriously, t

hese things will
only be as complicated as you make them. The government needs to
be practical. If you do the math (here’s hoping I did it
correctly):

You could employ roughly 27,500 people at $12,000 per year
for that figure ($330,000,000).

You could employ roughly 22,100 people at $15,000 per year
for that figure ($331,500,000).

You could employ roughly 16,500 people at $20,000 per year
for that figure ($330,000,000).

Humbly I state, had the government gone with the above posted formula or
something like it, the job creation plan
would have been very successful. Instead, the government spent money in an
unstructured, undisciplined manner, costing taxpayers a bundle and after all
that spending, unemployment is still rising.

A stimulus is no good if one is throwing money around without direction or
purpose, telling people to spend, spend, spend. That does not fix an economy, as
it will produce artificial results
that do not last. Definitive, purposeful spending on items that will create
growth, should have been the order of the day.

As it stands, much of the stimulus has been wasted on frivolous items and the American people
have not received the most for their tax dollars. As illustrated above, the
stimulus dollars should have been maximized by creating the most amount of jobs
for the money, not overpaying $160,000 per job, for saving and creating certain
positions that would never pay that much on the open market.

STORY SOURCE

$160,000 Per Stimulus Job? White House Calls
That 'Calculator Abuse'

October 30, 2009 7:12 PM - Posting its results
late this afternoon at Recovery.gov, the White House claimed 640,329 jobs have
been created or saved because of the $159 billion in stimulus funds allocated as
of Sept. 30. Officials acknowledged the numbers were not exact,
saying that states and localities that reported the numbers have made
mistakes...

Brian Schmidt, director of planning and
programming for the commission said that his staff originally reported to the
Obama administration that the stimulus money saved 250 jobs. Then, realizing
they had mistakenly double credited, they later changed that to 125 jobs.
Tuesday, they updated it again to 74 jobs...

So let's see. Assuming their number is right --
160 billion divided by 1 million. Does that mean the stimulus costs taxpayers
$160,000 per job? Jared Bernstein, chief economist and senior
economic advisor to the vice president, called that "calculator abuse." He said the cost per job was actually $92,000 --
but acknowledged that estimate is for the whole stimulus package as of the end
of 2010...

Published: November 7, 2009 - After contracting for
a year and a half, the economy grew in the quarter that ended in September,
driven largely by federal stimulus. But government spending, as large and as
necessary as it has been, has not been enough to revive hiring.

Unemployment surged from 9.8 percent in September
to 10.2 percent last month, its highest level since 1983. At the same time, the
economy lost 190,000 more jobs. That means employers have eliminated 7.3 million
positions since the recession began in December 2007.

As dreadful as they are, the headline numbers
understate the severity of the problem. They also obscure an even grimmer fact:
Unless there is more government support, it will take several years of robust
economic growth — by no means a sure thing — to recoup the jobs that have been
lost.

The unemployment rate includes only jobless people
who have looked for work in the past four weeks. The underemployment rate —
which also includes jobless workers who have not recently looked for work and
part-timers who need full-time work — reached 17.5 percent in October. And the
long-term unemployment rate — the share of the unemployed population out of work
for more than six months — also continues to set records. It is now 35.6
percent.

The official job-loss data also fail to take note
of 2.8 million additional jobs needed to absorb new workers who have joined the
labor force during the recession. When those missing jobs are added to the
official total, the economy comes up short by 10.1 million jobs...